Hapag-Lloyd’s ‘pretty good half-year’ turns around 2018 losses

Hapag-Lloyd produced a net profit of $56m in the second quarter, resulting in a half-year result of $165m, a turnaround from the $122m loss recorded in the same period of 2018.
“It was a pretty good half-year,” reflected chief executive Rolf Habben Jansen (pictured) during this morning’s earnings call presentation.
“Rates were up 5%, volumes up 2% and we kept our costs stable,” he added, “but clearly there are some clouds on …